The pair is declining after the US weekly crude inventories reading. We'll be paying attention to the pair, as there is no support until 1.0412. The bands of Bollinger show a 120 pips volatility in the hour, while the RSI is neutral. If there's an upwards correction, the pair could find support at the 38.2% fibo marked from 1.0209 to 1.0956 Canadian dollars per US dollar.

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